Foreclosure Filings Reported

“The volume of foreclosure filings reported in May was 16 percent higher than a year ago, according to RealtyTrac, and default notices, schedule auctions or bank repossessions (REOs) were reported on 126,868 U.S. properties, marking a 19-month high for filing volume.” They say the increase in May was driven primarily by a jump in bank REOs, which totaled 44,892, a 58 percent jump in REOs from a year ago, but what caused the default notices to increase to a 19-month high? […]

By | June 24th, 2015|blog, investing, real estate|0 Comments

Buyers from Mexico Make up the Third Largest Group of International Buyers

“The California Association of Realtors’ 2014 International Home Buyers Survey found buyers from Mexico make up the third largest group of international buyers in California at 9.1 percent, after China (36 percent) and Canada (11 percent). According to the National Association of Realtors, Mexico has consistently been a top investor in U.S. real estate over the past 10 years. On the outbound investment side, Mexico is the No. 1 destination for Americans and baby-boomers that retire abroad, with over 1 million Americans residing there,” writes Rose Meily at the San Jose Mercury News. […]

By | June 10th, 2015|blog, investing, real estate|0 Comments